Ensuing Winter Season Weakens LAB Demand in India

Demand for LAB has been slow in Indian markets as off-takes from the surfactant industry have gone down due to the ensuing winter season. Traders preferred to maintain low inventories in view of the weakening demand.

Weak Demand Softens PET Price in Indian Markets

PET prices have declined upto Rs 100 a kg in Indian markets on account of weak demand conditions, which has been due to end-industries slowing down. Traders are also not able to speculate when demand is going to pick up. 

Domestic Demand Conditions, International Markets Hint at Downward PET Price Revision

PET trading in Indian markets is on a dull note. Traders do not foresee any strengthening of demand for the raw material in the near term. Prices of the material in the major markets in the country also remained almost stable after the last price reduction by Reliance Industries Limited. Meanwhile, PET prices have been on a downward trajectory in the South East Asian region.The price in the Asian market has gone down due to falling input costs, and demand in the region is also weak.

PVC demand continues to remain soft in India after RIL's downward price revision

PVC buying continued to remain lackluster in Indian markets, even after Reliance Industries Limited lowering its ex-work price. Traders told the website that buyers restricted from purchasing the raw material as production was inactive in the end industries. Moreover, traders also did not foresee any improvement in the buying pattern in the coming days.

Aniline price in Indian markets to stay firm in the near future on dull demand condition

Aniline price is not expected to fluctuate significantly in the next few days due to dull demand condition in Indian chemical markets, sustaining huge inventories or stocks of the chemical.
Traders in the major chemical market told the website that consumption of the chemical by the dye intermediate and rubber chemicals industries have shrinked, resulting in the sluggish demand conditions.

PET price not to undergo fluctuations in Indian market in the near term

Demand for PET material continues to move on a steady trajectory in Indian markets, and there is no prospect of the price to undergo significant fluctuations. Demand is moderate as the major end-user--beverage bottle industry--is not functioning to the fullest capacities. Traders in major trading hubs in the country said that ample stocks are available, and the price is not likely to undergo any significant fluctuation. 

Excessive imported PVC stocks in Indian markets, bleak international price outlook might pull down ex-work prices

PVC buying sentiment did not undergo the slightest improvement after Reliance Industries Limited assuring price protection in respect to the polymer. Buying remained lackluster mainly due to the major end-industries in slowdown mode. Notably, Indian producers are likely to lower their ex-work prices for the polymer in their next price revisions not only due to sluggish demand conditions and falling international prices but also due to the availability of excessive stocks of imported variants of the polymer. As a matter of fact, prices of imported PVC are lower than the domestic variants.

Sharp increase in Phenol prices amid short supply

Phenol Prices shot up by Rs. 5 per Kg today to attain the trading level of Rs. 129 per Kg. According to our market sources, phenol stock is not available in the market for the past couple of days. He further added that the solvent was not available even at the quoted price in a few markets.

Falling Crude Oil prices fail to moderate HDPE prices in Indian markets as shortage counters impact

HDPE prices in India tend to stay stable despite Crude Oil prices declining in international markets as shortage of the polymer caused by the ongoing maintenance shut-down of the Nagothane plant of Reliance Industries Limited (RIL) has been offsetting the impact of the oil price fall, in an active demand environment for the polymer arising due  to vigorous off-takes from the active packaging industry. According to the latest information received, the idled plant is expected to resume operations by the 20th of this month. 

Prices of PP grades likely to come under pressure on shortage

Prices of some grades of the PP material are likely to rise in Indian polymer markets in the coming days due to shortage. Traders in the major markets in the country told Indianpetrochem that the Injection Moulding and Film grades of the material were short in stocks due to non-receipt of supplies from HMEL and Haldia Petrochemicals Limited, as the PP plants of the producers are in idled condition for maintenance purpose.  Traders, thus, apprehend that the prevailing shortage might result in the prices going up in the days to come.

Sluggish PVC demand continues in India on end-industries slowing down in rainy season

Depressed buying sentiment continues to prevail in Indian polymer markets in respect to the PVC material, which is subjected to weak demand, primarily due to slow-down in the end-industries. Predominant  PVC consumers: agriculture, construction industries have slowed down on account of the prevailing rainy season, resulting in demand for the raw material weakening, and the price going down as a result. Reliance Industries Limited lowered its PVC price in the last price revision, seemingly due to the sluggish market conditions apart from international price trend.

MEK price hikes due to limited availability of material in Indian market

Prices for Methyle Ethyle Ketone, a petro-chemical majorly used in the dyes stuff and ink industry increased extensively from the level of Rs 128 per kg to around Rs 140 per kg in the Delhi market on 1st September 2014.